The Armed Forces Redundancy Scheme Order 2020

[dan_brown]

The Armed Forces Redundancy Scheme Order 2020 - goes live 01 Jan 2021

The Armed Forces Redundancy Scheme Order 2020

This Order amends the Armed Forces Redundancy Scheme Order 2006 (S.I. 2006/55) and the Armed Forces (Redundancy, Resettlement and Gratuity Earnings (Schemes) (No. 2) Order 2010 (S.I. 2010/832), and establishes a new redundancy scheme for members of the Armed Forces: the Armed Forces Redundancy...

www.legislation.gov.uk

The last round of redundancies, the payment was decent i believe, enough for people to take VR. The Hutton report recommended going to Government statutory redundancy payments - which is pants. This Order is just walls of text to me

 

[dan_brown]

Thought this would have had a few more comments

An officer has claimed to decipher what this actually means for SP taking redundancy:

• 10.2% of annual salary x every year in service to a max of 20 years.

• + lump sum and pension.

Got to say I'm very skeptical of those figures, anyone else had a read?

 

[PapaGolf]

Interesting to see Reservists are in there too. As it comes in to play from January, when are the redundancy numbers being published?

 

[postman_twit]

Making redundancies at the same time as recruiting rejoiners at the age of 56? Hmmm.